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Stock Market & Financial Investment News

News Breaks
March 24, 2014
07:05 EDTPANWPalo Alto announces agreement to acquire Cyvera for $200M
Palo Alto (PANW) announced a definitive agreement to acquire Cyvera, a cybersecurity company located in Tel-Aviv, Israel. Under the terms of the agreement, Palo Alto Networks will acquire all of the outstanding capital stock of Cyvera for an aggregate purchase price of approximately $200M. The acquisition is expected to close during the second half of fiscal 2014, subject to customary closing conditions and regulatory reviews.
News For PANW From The Last 14 Days
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March 3, 2015
07:28 EDTPANWPalo Alto reported very strong results, says RBC Capital
After Palo Alto reported stronger than expected results, RBC Capital says that the company's guidance remains conservative, despite the increase in its guidance. The firm expects the stock to rise further, and it believes that the company remains dominant in its sector. RBC raised its price target on the name to $165 from $150 and keeps an Outperform rating on the shares.
07:10 EDTPANWPalo Alto shares need to grow into valuation, says Citigroup
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06:56 EDTPANWPalo Alto price target raised to $165 from $150 at Piper Jaffray
Piper Jaffray raised its price target for Palo Alto Networks shares to $165 saying the company reported an impressive quarter. Piper notes Palo Alto remains its highest conviction in the space. It keeps an Overweight rating on the name.
06:16 EDTPANWPalo Alto price target raised to $170 from $125 at Deutsche Bank
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March 2, 2015
18:52 EDTPANWOn The Fly: After Hours Movers
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16:07 EDTPANWPalo Alto sees Q3 EPS 19c-20c, consensus 19c
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16:06 EDTPANWPalo Alto reports Q2 EPS 19c, consensus 17c
Reports Q2 revenue $217.7M, consensus $204M.
15:23 EDTPANWNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Mylan (MYL), consensus $1.05... Nabors Industries (NBR), consensus 39c... PRA Group (PRAA), consensus $1.11... Caesars Entertainment (CZR), consensus ($1.65)... Cumulus Media (CMLS), consensus 9c... Arena Pharmaceuticals (ARNA), consensus (12c)... Palo Alto Networks (PANW), consensus 17c... Guidewire Software (GWRE), consensus 11c... McDermott International (MDR), consensus (6c)... Salix Pharmaceuticals (SLXP), consensus (25c)... Matador Resources (MTDR), consensus 19c... Sanchez Energy (SN), consensus (11c).
14:35 EDTPANWPalo Alto March weekly 144 straddle priced for 7% movement into Q2
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13:51 EDTPANWPalo Alto technical comments ahead of resutls
The shares have been in a classically bullish uptrend through much of the year, with some steepening of trend in the last several weeks as earnings approach. If the news is strongly bullish, there is only the life high at $146.28 as resistance which would very likely be tested and probably broken. That would open up a run to $150 to $160 depending on the strength of the news. If there is a disappointment, the following support levels could become downside objectives: $138.20, $133.01, and $128.54. The latter level is the current price for the 50-day moving average. The stock could come down to that level and still be in a strong uptrend longer-term.
07:59 EDTPANWPalo Alto volatility elevated into Q2 and outlook
Palo Alto March weekly call option implied volatility is at 83, April is at 45, June is at 39; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q2 results today after the market close.
February 26, 2015
14:39 EDTPANWPalo Alto volatility and share price increases into Q2 and outlook
Palo Alto March weekly call option implied volatility is at 63, April is at 42, June is at 38; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on March 2.
07:48 EDTPANWPalo Alto price target raised to $150 from $130 at Oppenheimer
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February 24, 2015
10:28 EDTPANWAnalyst sees 'massive' IT security upgrade cycle still in early innings
A number of trends are spurring businesses and the government to spend aggressively on cyber security offerings, benefiting companies in the IT security sector, wrote research firm FBR Capital in a note to investors today. In conjunction, the firm raised its price target on a number of stocks in the sector. WHAT'S NEW: After conducting checks, FBR Capital analyst Daniel Ives believes that spending on advanced cyber security products has increased this quarter. The ongoing series of well-publicized cyber attacks on large companies is causing businesses to become more concerned about protecting themselves from this threat, according to Ive, who believes that advanced IT security products have "massive," once in a multi-decade growth potential. Data points indicate that enterprises are looking to buy more advanced firewall/cloud security solutions, while the sizes of purchases by customers in the space have increased. Meanwhile, given the high priority that the Obama administration has placed on cyber security, the federal government's spending on IT security is likely to rise in the coming quarters and years, Ives wrote. Forecasting a 20% increase in overall cyber security spending this year, the analyst believes that the following companies should benefit disproportionately from the positive trends, since they have "the right products at the right time:" Palo Alto (PANW), FireEye (FEYE), Proofpoint (PFPT), Check Point (CHKP), and Fortinet (FTNT). The analyst raised his price target on Fortinet to $39 from $36, on Palo Alto to $160 from $121, on Proofpoint to $67 from $60, and on Check Point to $93 from $85. He kept Outperform ratings on all the stocks named. WHAT'S NOTABLE: In its own note to investors, RBC Capital said it expects Palo Alto to report stronger than expected Q2 results, driven by "impressive" revenue and margin improvements. The firm raised its price target on the shares to $150 from $145 and kept an Outperform rating on the stock. PRICE ACTION:In early trading, Palo Alto added 0.2% to $138.41, FireEye advanced 1.2% to $43.87, Proofpoint lost slipped fractionally to $56.55, Check Point rose 0.5% at $82.77, and Fortinet gained 1.3% to $33.76.
08:32 EDTPANWFBR checks show strong cybersecurity deal momentum
FBR Capital raised its price targets in the next-generation cybersecurity space after its channel checks showed strong deal momentum so far in the March quarter. The firm believes the "massive upgrade cycle" for next-generation cybersecurity remains in the early days. It raised its price target for Fortinet (FTNT) to $39 from $36, for Palo Alto (PANW) to $160 from $121, for FireEye (FEYE) to $53 from $45, for Proofpoint (PFPT) to $67 from $60 and for Check Point (CHKP) to $93 from $85.
07:41 EDTPANWPalo Alto volatility elevated into Q2 and outlook
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07:18 EDTPANWPalo Alto results likely to beat expectations, says RBC Capital
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February 23, 2015
10:15 EDTPANWCyberArk sinks after JPMorgan analyst cuts rating to sell
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08:27 EDTPANWPalo Alto price target raised to $150 from $130 at Pacific Crest
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05:52 EDTPANWCyberArk downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded Cyberark Software (CYBR) to Underweight, its sell-equivalent, saying "a lot needs to go right" to justify the current valuation. JPMorgan keeps a $42 price target for the stock, well below Friday's closing price of $70.35. It points out that CyberArk's valuation is in-line with Palo Alto Networks (PANW), despite the latter company's total addressable market being roughly five times larger in its estimation. Cyberark is an Israel-based security company offering protections against cyber attacks.
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